E.ON Able to Acquire Enel and Acciona Shareholdings Package including Endesa Assets


The E.ON Board of Management and Supervisory Board have approved the acquisition of a substantial package comprising power stations and other shareholdings above all in Spain, France and Italy. E.ON reached agreement last April with the Italian energy company Enel and the Spanish conglomerate Acciona on an extensive transaction as a constructive way of ending the dispute over the acquisition of a majority interest in the Spanish energy company Endesa. Valuation of the assets, which was agreed then as a basis for determining the final purchase price, has now been completed on schedule.

Based on the contractually agreed valuation system, the purchase price is approx. EUR 8.9 bn. In addition, debt which is currently put at approx. EUR 2.9 bn will be taken over. This means that E.ON invests in total approx. EUR 11.8 bn in the transaction. The final amount of debt will subsequently be determined by an auditor. At its meeting today, the E.ON Supervisory Board approved the acquisition of the assets at this value. The completion of the transaction is likely to take place in the third quarter of 2008 once all permits are available.

E.ON AG E.ON-Platz 1 40479 Düsseldorf Deutschland / Germany

ISIN: DE0007614406 (DAX)

WKN: 761440

Listed: Amtlicher Markt in Berlin-Bremen, Düsseldorf, Frankfurt (Prime Standard), Hamburg, Hannover, München und Stuttgart; Eurex

- End of ad hoc announcement – March 28, 2008